Mara to refocus: No more new investments except in education

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A review of all Mara subsidiaries in non-education areas will be carried out.

Entering into the new year, Mara has reiterated its commitment to cut losses and focus on investments in the education sector.

"These companies will now be managed by an oversight committee reporting directly to the Mara Council," she said. "Direct investments in these companies have resulted in losses, mismanagement and diversion of education funds to ventures that mostly have not been successful and profitable," she noted."Mara plans to develop and manage its investments through an endowment fund by selecting the sectors to invest in and the team to manage the investments, while monitoring and measuring the performance of the managers," she said.

 

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About time

More inventive education proposals please....chedetofficial NajibRazak

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AnnuarMusa any comments 🤭🤭🤭 ?

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